Italian Leader with a European Scale

Size: px

Start display at page:

Download "Italian Leader with a European Scale"

Aleesha Russell
6 years ago
Views:

1 Italian Leader with a European Scale Updated as at 9 February 2018

2 The history of Intesa Sanpaolo

3 Italian banking leader of European scale The Leader in Italy Leader in all segments with a market share of 18% in customer deposits and in customer loans Leadership in most attractive products Strong capital base and asset quality Unique Customer Reach Largest domestic network: approximately 4,700 branches, 17% (1) market share and 12.3 million clients Best branch footprint making the Group truly nationwide: market share 12% (1) in 18 out of 20 regions High penetration of local markets: market share 5% (1) in all the 107 provinces Particular strength in the wealthiest areas of Italy: strong retail presence covering more than 70% of Italian household wealth Strategic International Presence Selected commercial banking presence in Central and Eastern Europe and Middle Eastern and North African countries reaching 7.6 million clients in 12 countries through a network of approximately 1,100 branches International network with a presence in 25 countries in support of cross-border activities of corporate customers Figures as at 31 December 2017, including the acquisition of certain assets and liabilities and certain legal relationships of Banca Popolare di Vicenza and Veneto Banca ( Aggregate Set ) (1) Bank of Italy criteria, figures as at 30 September 2017; the Aggregate Set is included 3

4 Solid value creation for all stakeholders Clients A real-economy Bank, that supports the real economy, leveraging a strong balance sheet to match healthy credit demand, and manages the financial wealth of clients with care A simple yet innovative Bank, acting with a truly multi-channel model Shareholders A Bank with sustainable profitability in which operating performance, productivity, risk profile, liquidity and solidity/leverage are carefully balanced Strong and increasing cash dividend distribution over the course of the Business Plan: 1.2bn euro paid for 2014, 2.4bn euro paid for 2015, 3bn euro paid for 2016 and 3.4bn euro of proposed dividends for In the Business Plan, commitment to paying out 85% of net income as cash dividends for 2018, 80% for 2019, 75% for 2020 and 70% for 2021 Employees Empowered and motivated people through training, job re-allocation, acknowledgement of individual merit in career development, flexibility programs and upgrade of long-term incentives linked to productivity and results Society and Environment A Bank with a distinctive identity/reputation, committed to contributing to the growth and development of the economy and society CSR deeply rooted in all business areas and staff functions, embedded in the Bank s strategy, supporting social and environmental value creation for a long-term economic development and respecting all stakeholders 4

5 The Group at a glance: Financial Highlights Total Assets euro 796,861 m Loans to Customers euro 410,746 m Direct Deposits from Banking Business euro 423,474 m Direct Deposits from Insurance Business and Technical Reserves euro 152,403 m Shareholders Equity (1) euro 56,205 m 2017 Net Income (2) euro 7,316 m Intesa Sanpaolo ~ 19.9 million Customers 5,843 Market Capitalisation (2) (3) euro bn bn ~ 12.3 million in Italy ~ 7.6 million abroad 4,694 in Italy 1,149 abroad Figures as at 31 December 2017, including the Aggregate Set (1) Including Net Income (2) 3,816m excluding the public cash contribution of 3.5bn offsetting the impact on the capital ratios resulting from the Aggregate Set (3) As at 31 January

6 The Group at a glance: Ratings DBRS Long-term Short-term Trend Long-term Trend Short-term BBB (high) R-1 (low) Stable Stable Fitch Ratings Long-term Short-term Viability Outlook BBB F2 bbb Stable Moody s Long-term Short-term Outlook Baa1 P-2 Stable S&P Global Ratings Long-term Short-term Outlook BBB A-2 Stable 6

7 Leadership in Italy built on long-standing relationships with customers RANKING IN ITALY 1 Loans 17.6% 1 Deposits (1) 18.4% 1 Life Premiums (2) 19.6% 1 Asset Management (3) 20.1% 1 Pension Funds (2) 21.9% 1 Factoring 28.9% Figures as at 31 December 2017, including the Aggregate Set (1) Including bonds (2) Data as at 30 September 2017 (3) Mutual funds; data as at 30 September

8 European scale EUROZONE RANKING HSBC 1 Banco Santander 2 BNP Paribas Sberbank UBS 3 ING Lloyds Banking Group 4 Intesa Sanpaolo 5 BBVA 6 Crédit Agricole Nordea Bank Credit Suisse 7 UniCredit Royal B. of Scotland Barclays 8 Société Générale 9 KBC Standard Chartered Danske Bank 10 Deutsche Bank DNB 11 Caixa Bank BANKS MARKET CAPITALISATION (euro bn) Source: Bloomberg Prices as at 31 January

9 Corporate Governance: Board of Directors, Management Control Committee and Internal Committees Board of Directors and Management Control Committee appointed on 27/04/2016 Gian Maria Gros-Pietro Chairman Paolo Andrea Colombo Deputy Chairperson (1) (2) Carlo Messina (#) Managing Director and CEO Bruno Picca Director (1) Rossella Locatelli Director (2) Giovanni Costa Director Livia Pomodoro Director (2) Giovanni Gorno Tempini Director (2) Giorgina Gallo Director (2) Franco Ceruti Director Gianfranco Carbonato Director (2) Francesca Cornelli (*) Director (2) Daniele Zamboni (*) Director (1) (2) Maria Mazzarella (*) Director (2) Maria Cristina Zoppo Director and MCC member (1) (2) Edoardo Gaffeo Director and MCC member (2) Milena Teresa Motta Director and MCC member (1) (2) Marco Mangiagalli (*) Director and MCC Chairman (2) Alberto Maria Pisani (*) Director and MCC member (1) (2) Nomination Committee Gianfranco Carbonato Chair (2) Paolo Andrea Colombo Member Giovanni Costa Member Gian Maria Gros-Pietro Member Livia Pomodoro Member (2) Remuneration Committee Paolo Andrea Colombo Chair (1) (2) Giovanni Costa Member Giorgina Gallo Member (2) Giovanni Gorno Tempini Member (2) Bruno Picca Member (1) Risks Committee (1) (2) Rossella Locatelli Chair (2) Franco Ceruti Member Francesca Cornelli (*) Member (2) Bruno Picca Member (1) Daniele Zamboni (*) Member (1) (2) Committee for transactions with related parties of Intesa Sanpaolo S.p.A. and associated entities of the Group Daniele Zamboni (*) Chair (1) (2) Giorgina Gallo Member (2) Giovanni Gorno Tempini Member (2) Rossella Locatelli Member (2) Maria Mazzarella (*) Member (2) (#) Was appointed Managing Director and CEO by the Board of Directors on 28 April He is the only executive director on the Board (*) Is a representative of the Minority List (1) Is enrolled on the Register of Statutory Auditors and has practiced as an auditor or been a member of the supervisory body of a limited company (2) Meets the independence requirements pursuant to Article 13.4 of the Articles of Association, the Corporate Governance Code and Article 148, third paragraph, of Legislative Decree 24 February 1998 no 58 9

10 A customer-oriented organisation Managing Director and CEO Carlo Messina Banca dei Territori Division (*) Corporate and Investment Banking Division International Subsidiary Banks Division Private Banking Division Asset Management Division Insurance Division Capital Light Bank Stefano Barrese Mauro Micillo Ignacio Jaquotot Paolo Molesini Tommaso Corcos Nicola Maria Fioravanti Giovanni Gilli (*) Domestic Commercial Banking 10

11 Head Office Departments and Chief Officers Managing Director and CEO Carlo Messina Chairman of the Board of Directors (*) Gian Maria Gros-Pietro Board of Directors Strategic Support Head Office Department Safety and Protection Head Office Department Chief Audit Officer Paolo Bonassi Fabio Rastrelli Claudio Testa Chief Operating Officer Governance Area Rosario Giacomo Strano Chief IT, Digital & Innovation Officer Governance Area Massimo Proverbio Chief Cost Management Officer Governance Area Alfonso Guido Chief Lending Officer Governance Area Marco Elio Rottigni Chief Financial Officer (**) Governance Area Stefano Del Punta Chief Risk Officer Governance Area Davide Alfonsi Chief Compliance Officer Governance Area Piero Franco Maria Boccassino Chief Governance Officer Governance Area Paolo Maria Vittorio Grandi Chief Institutional Affairs & External Communication Officer Governance Area Stefano Lucchini (*) Chairman s Technical Secretariat (G. Paladino) reports to the Chairman of the Board of Directors (**) Manager responsible for preparing the Company s financial reports Fabrizio Dabbene reports to the Chief Financial Officer 11

12 The Banca dei Territori Division Retail (1) Personal (2) SME (3) 12.2 million Customers 4,443 Product Companies (4) Direct channels Focus on the market and centrality of the territory for stronger relations with individuals, small and medium-sized businesses and non-profit entities Figures as at 31 December 2017, including the Aggregate Set, whose income statement and balance sheet figures have temporarily been allocated to the Corporate Centre 1) Retail customers: individual customers with financial assets up to 100,000 euro and businesses/companies with low-complexity needs 2) Personal customers: individual customers with financial assets between 100,000 and one million euro 3) SME customers: companies with group turnover below 350 million euro 4) Industrial credit, leasing and factoring, relations with Non-profit Entities, instant banking 12

13 The Banca dei Territori Division Retail Personal SME 4,042 branches dedicated to 11.9 million Retail and Personal customers 317 branches dedicated to 319,000 SME customers and 84 branches serving approximately 62,000 Non-profit customers Figures as at 31 December 2017, including customers and branches of the Aggregate Set, whose income statement and balance sheet figures have temporarily been allocated to the Corporate Centre 13

14 The Banca dei Territori Division: 8 Regional Governance Centres GOVERNANCE CENTRES MANAGER BRANCHES Piemonte, Valle d Aosta and Liguria Lombardia Cristina Balbo Paolo Giuseppe Graziano Milano and Province Veneto, Friuli Venezia Giulia and Trentino Alto Adige Emilia Romagna, Marche, Abruzzo and Molise Toscana and Umbria Mauro Federzoni Renzo Simonato Tito Nocentini Luca Severini Lazio, Sardegna and Sicilia Pierluigi Monceri 612 Campania, Basilicata, Calabria and Puglia Francesco Guido 675 Figures as at 31 December 2017, including the branches of the Aggregate Set, whose income statement and balance sheet figures have temporarily been allocated to the Corporate Centre 14

15 The Banca dei Territori Division: Main Product Companies Business Field Companies Manager Non-profit Entities Relations Marco Morganti Industrial Credit, Factoring and Leasing Teresio Testa Instant banking Silvio Fraternali 15

16 The Corporate and Investment Banking Division International Department (1) Gianluca Cugno 16,000 Customers Global Transaction Banking Stefano Favale Financial Institutions Andrea Mayr Global Corporate (2) Raffaello Ruggieri 28 Domestic branches Capital Markets and Investment Banking Mauro Micillo Global partner for corporates and financial institutions, also internationally through a specialist network of branches, representative offices, and subsidiaries focused on corporate banking, and for public administration Figures as at 31 December 2017 (1) Foreign branches, representative offices and corporate banks (2) Corporates with a turnover higher than 350 million euro and grouped, in accordance with a sector-based model, in the following 11 industries: Automotive & Mechanics; Basic Materials & Healthcare; Food & Beverage and Distribution; Retail & Luxury; Infrastructure & Real Estate Partners; Public Finance; Global EPC & Integrated Logistics; Energy & Utilities; Oil & Gas; Telecom, Media & Technology; Business Solutions 16

17 The Corporate and Investment Banking Division The international network of specialists spread across 25 countries serving corporate customers CORPORATE BANKS DIRECT BRANCHES REPRESENTATIVE OFFICES (1) Dubai Hub Abu Dhabi Doha Dubai Istanbul Beirut Cairo Hong Kong Hub Hong Kong Shanghai Singapore Tokyo Beijing Ho Chi Minh City Jakarta Mumbai Seoul Sydney Frankfurt Madrid Moscow London Hub London Paris Warsaw New York Hub New York Washington D.C. Figures as at 31 December 2017 (1) The Representative Offices include International and Regulatory Affairs in Brussels. The Representative Office of Santiago ceased to operate on 17 January

18 The Corporate and Investment Banking Division Complete solutions for global needs of Financial Institutions and Corporate clients Global Relationship Transaction Banking Trade & Export Finance Cash Management Banks Export Trade Trade Services Insurances and Financial Institutions Non-Banks Agency Services Structured Trade Funds Local Custody ECAs 18

19 The Corporate and Investment Banking Division Capital Markets and Investment Banking Global Markets Corporate & Strategic Finance Trading M&A Advisory Sales & Distribution Credit Solutions Group Structuring Finance & Investments Equity Capital Markets Structured Finance Debt Markets 19

20 The International Subsidiary Banks Division Albania Romania Bosnia and Herzegovina Russian Federation Croatia 7.5 million Customers Serbia Czech Republic Egypt Hungary 1,077 in 11 Countries Slovakia Slovenia Selected and strategic presence in commercial banking in Central-Eastern Europe and Middle Eastern and North African countries Figures as at 31 December 2017, including customers and branches deriving from the Aggregate Set of Veneto Banca, whose income statement and balance sheet figures have temporarily been allocated to the Corporate Centre 20

FEDERATION 9 SERBIA 10 SLOVAKIA 11 SLOVENIA Income statement and balance sheet figures

21 The International Subsidiary Banks Division PRODUCT COMPANIES BANKS 1 ALBANIA 2 BOSNIA AND HERZEGOVINA 3 CROATIA 4 5 CZECH REPUBLIC Prague branch of EGYPT 6 HUNGARY 7 ROMANIA 8 RUSSIAN FEDERATION 9 SERBIA 10 SLOVAKIA 11 SLOVENIA Income statement and balance sheet figures relating to the Aggregate Set of Veneto Banca have temporarily been allocated to the Corporate Centre 21

22 The International Subsidiary Banks Division Country Bank Manager Total Assets (euro m) Ranking (by Total Assets) Customers Albania (1) Silvio Pedrazzi 1, ,000 Bosnia and Herzegovina Almir Krkalić ,000 Croatia (2) Božo Prka 10, ,663,000 Egypt Dante Campioni 3, ,506,000 Hungary Pál Simák 5, ,000 Romania Marco Capellini ,000 Figures as at 31 December 2017 (1) The Group is present in Albania also through Veneto Banka Albania: Total Assets of 210m, 15 and 22,000 Customers; related income statement and balance sheet figures have temporarily been allocated to the Corporate Centre (2) The Group is present in Croatia also through Veneto Banka Croazia: Total Assets of 153m, 6 and 6,000 Customers; related income statement and balance sheet figures have temporarily been allocated to the Corporate Centre 22

23 The International Subsidiary Banks Division Country Bank Manager 2 Total Assets Ranking Customers (euro m) (by Total Assets) Russian Federation Gianluca Corrias ,000 Serbia Draginja Djuric 1 4, ,376,000 Slovakia Alexander Resch 14, ,577,000 Slovenia Josef Kausich 2, ,000 Figures as at 31 December

24 The Private Banking Division Private and High Net Worth Individuals 87,000 Customers 226 5,950 private bankers Fideuram Paolo Molesini Intesa Sanpaolo Private Banking Saverio Perissinotto Sirefid Lorenzo Petracca The Division serves the customer segment consisting of Private clients and High Net Worth Individuals with the offering of products and services tailored for this segment and has an important strategic international footprint in Switzerland through Intesa Sanpaolo Private Bank (Suisse) and in the United Kingdom through the London branch of Intesa Sanpaolo Private Banking Figures as at 31 December

25 The Asset Management Division Asset Management 253 billion euro Assets under Management Asset management solutions targeted at the Group s customers, commercial networks outside the Group, and the institutional clientele Figures as at 31 December

26 The Insurance Division Insurance 152 billion euro Direct Deposits and Technical Reserves Insurance and pension products tailored for the Group s clients Figures as at 31 December

stakes, and proactive management of other non-strategic assets (*) Including Pravex-Bank in

27 Capital Light Bank Bad loans Capital Light Bank (*) Extracting greater value from non-core activities through the workout of bad loans and repossessed assets, the sale of non-core equity stakes, and proactive management of other non-strategic assets (*) Including Pravex-Bank in Ukraine (Manager: Taras Kyrychenko; as at 31 December 2017: 153m Total Assets, 50, 176,000 Customers) 27

28 Breakdown of consolidated results as at 31 December 2017 Operating Income Breakdown by Business Area (1) Breakdown by Geographical Area (2) 4% 6% 10% 26% 50% 19% 74% 11% Banca dei Territori Division (*) International Subsidiary Banks Division Corporate and Investment Banking Division Italy Other Countries Private Banking Division Asset Management Division Insurance Division Figures may not add up exactly due to rounding differences (1) Excluding the Corporate Centre, which includes the items relating to the Aggregate Set (2) Figures as at 30 June 2017, which do not include the Aggregate Set (*) Domestic Commercial Banking 28

The Group Italian network NORTH WEST Intesa Sanpaolo Subsidiaries CENTRE Intesa Sanpaolo Subsidiaries 1,222 Company Fideuram 89 Banca Prossima 29 Mediocredito Italiano 4 Banca IMI 1 Banca 5 1 606

29 The Group Italian network NORTH WEST Intesa Sanpaolo Subsidiaries CENTRE Intesa Sanpaolo Subsidiaries 1,222 Company Fideuram 89 Banca Prossima 29 Mediocredito Italiano 4 Banca IMI 1 Banca Company Banca CR Firenze 289 Fideuram 41 Banca Prossima 10 Banco di Napoli 4 Banca Apulia 2 Mediocredito Italiano 2 Banca IMI 1 Banca Nuova 1 NORTH EAST Intesa Sanpaolo Subsidiaries Company 603 CR del Veneto 297 CR in Bologna 153 CR del Friuli Venezia Giulia 88 CR di Forlì e della Romagna 77 Fideuram 56 Banca Prossima 16 Mediocredito Italiano 2 SOUTH Intesa Sanpaolo 96 Subsidiaries Company Banco di Napoli 549 Banca Apulia 92 Fideuram 27 Banca Prossima 20 Banca Nuova 13 Mediocredito Italiano 2 ISLANDS Intesa Sanpaolo 209 Subsidiaries Company Banca Nuova 72 Fideuram 10 Banca Prossima 9 Mediocredito Italiano 1 Figures as at 31 December

The Group International network EUROPE Direct Frankfurt Istanbul London Madrid Paris Romania (2) Warsaw Representative Offices Brussels (1) Moscow Country Albania Bosnia and Herzegovina Croatia Czech

30 The Group International network EUROPE Direct Frankfurt Istanbul London Madrid Paris Romania (2) Warsaw Representative Offices Brussels (1) Moscow Country Albania Bosnia and Herzegovina Croatia Czech Republic Hungary Ireland Luxembourg Romania AFRICA Representative Offices Cairo Subsidiaries Intesa Sanpaolo Bank Albania 32 Veneto Banka Albania 15 Intesa Sanpaolo Banka Bosna i Hercegovina 54 Privredna Banka Zagreb 195 Veneto Banka Croazia 6 VUB Banka 1 CIB Bank 76 Intesa Sanpaolo Bank Ireland 1 Fideuram 1 Intesa Sanpaolo Bank Luxembourg 1 Intesa Sanpaolo Bank Romania Russian Federation Serbia Slovakia Slovenia Switzerland Banca Intesa Banca Intesa Beograd VUB Banka Intesa Sanpaolo Bank Intesa Sanpaolo Private Bank (Suisse) The Netherlands Intesa Sanpaolo Bank Luxembourg 1 Ukraine Pravex-Bank 50 United Kingdom Banca IMI 1 Intesa Sanpaolo Private Banking 1 Country Egypt Subsidiaries Bank of Alexandria Figures as at 31 December 2017 (1) International and Regulatory Affairs (2) 19 branches in Romania deriving from the Aggregate Set of Veneto Banca (3) The Representative Office of Santiago ceased to operate on 17 January (*) AMERICA Direct New York Country Brazil OCEANIA Representative Offices Sydney 30 Representative Offices (3) Washington D.C. Subsidiaries Intesa Sanpaolo Brasil 1 ASIA Direct Abu Dhabi Doha Dubai Hong Kong Shanghai Singapore Tokyo Representative Offices Beijing Beirut Ho Chi Minh City Jakarta Mumbai Seoul

Italian Leader with a European Scale

Italian Leader with a European Scale Updated as at 21 December 2017 The history of Intesa Sanpaolo 1998 2000 2001 2002 2007 2 Italian banking leader of European scale The Leader in Italy Leader in all